In a groundbreaking move to promote innovation in the world of Web3 and cryptocurrency, global crypto exchange Bybit and the Dubai Multi Commodity Centre (DMCC) have jointly announced the “Web3 Unleashed: Crypto Innovation Challenge” hackathon, featuring an impressive prize pool of $100,000. This exciting development follows the recent partnership between the two entities, which has already seen Bybit contribute AED 500,000 to support 15 promising crypto startups within the DMCC crypto ecosystem.
Scheduled to take place on November 22, 2023, this eagerly awaited hackathon will be overseen by Bybit’s distinguished thought leaders, Bryan Aaron and Daniel Basharimov. The event will revolve around three key themes: artificial intelligence, gaming, and blockchain security, making it a pioneering initiative set to become the largest of its kind in the Middle East and North Africa (MENA) region, both in terms of prize money and participation.
The collaboration between Bybit and DMCC, which was officially initiated in June 2023, represents a strategic alliance aimed at accelerating the widespread adoption of cryptocurrencies within the vibrant heart of Dubai. Bybit, a global force in the crypto space with 16 million users worldwide, is deeply committed to fostering the growth of the crypto industry within the emirate.
